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Articles by Aaron Lovaas»
Foreclosure Epidemic Likely Means Additional Tax Liability
Published 2007-08-30
| The recent national surge in home foreclosures coming on the heels of the collapse of the sub-prime lending industry and decline in home values likely means additional bad news for those former homeowners who feel like they just lost everything: additional income tax liability. Income tax liability? From losing your home? Such is the nature of the United States Internal Revenue Code.
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